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Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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““The University of Chicago has not only taken over Hyde Park, but also Woodlawn. Rush took over a lot of the West Side, same thing with UIC,” Taylor said. “Historically those have been black communities and they force folks out.” “This is just the start, just a resolution to start,” Taylor says. ” THIS IS A LIE. Woodlawn and Hyde Park were traditionally Dutch and other European immigrant neighborhoods from the middle of the 1800’s until the early 20th century. To call these areas historically black communities is fake history otherwise known as a lie. I get the point that… Read more »